The price of bitcoin continues to tank, declining to a low of $79,170 per unit on Monday, March 10, 2025. The leading crypto asset is mirroring U.S. equities as recession anxieties ignite a widespread sell-off.
Economic Jitters Drive Bitcoin Lower
Bitcoin (BTC) has lost an additional 5.2% against the U.S. dollar on Monday following a 15% drop over the past week. On March 10, the top crypto reached an intraday low of $79,170 per coin. Rumor has it that investors are uneasy about an economic slowdown as U.S. President Donald Trump did not eliminate the possibility of a recession. The ‘Magnificent Seven’ equities and major indices on Wall St. are all in the red.
BTC/USD 1H chart via Bitstamp shows a March 10 low of $79,170 per coin.
The crypto economy fell to a low of $2.61 trillion, down 4.6% overall against the greenback. Among the top decliners were solana (SOL), which dipped 9%, and dogecoin (DOGE), which slid by 8%. Global trade volume in the crypto market now stands at roughly $124.32 billion—up 118% since yesterday—though much of that reflects selling pressure. By 11 a.m. Eastern on Mon, BTC was striving really hard to reclaim the $80,000 territory.
Approximately $692.05 million in liquidations have occurred across the crypto economy, with BTC long positions losing $216 million. Ethereum longs have seen $88 million evaporate, while another $58 million in long positions on alternative digital assets disappeared. A total of 239,539 traders were liquidated over the past day, including a major BTC play on Binance that lost $32.09 million. Traders now worry bitcoin may fall below its previous low of $78,1897 in the near future.
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